The Secret to Securing Cheap Farmland for Farming in 2024

When it comes to sustainable farming/agriculture, two important sentence says it best. The first is “Sustainable agriculture isn't an option--it's a necessity!” and the second is something Sam Farr said, and I quote, “To make agriculture sustainable, the grower has got to be able to make a profit”.

As a Nigerian, this has been the worst year in our food sustainability drive. The very fabric of the survival of every Nigerian was put to a careless test. What had happened to Nigeria up until now in terms of food security is the repeated failure of multiple successive leaders, not just one!

Allocated fund to spur food security in the country becomes the lot of a few well-connected people, who often (or maybe not) get those fund to diversify their interest and portfolio in something that is totally unrelated to Agriculture. And quite frankly, bulk of the people among the few who eventually get these loans and Intervention end up wasting them on unproductive farming method and pro

duct.

So, how do we manage this challenge?

First and foremost, only multiple productive approach can render a lasting solution to this challenge. Also, the engagement of the private sector is paramount to the overall success of Nigeria’s current food sustainability drive. A while ago, I discussed why this is the time for southern Nigeria to take up the helm of food security in this country. If you did not get to read my piece on the matter, kindly click here to read it.

However, for the private sector to get involved, there is a need to provide CHEAP AND ACCESSIBLE FARMLAND to this timely messiah called private investors!

Let us face it, an average Nigerian, doesn’t have the financial stableness to afford crops and product produced in sophisticated agricultural production system, such as Hydro, Aqua, and all other -ponics. So, that brings us back to affordable and accessible farmland.

I launched project 10,000 acres this year to help my partners access cheap and affordable farmland across the entire southwest Nigeria. If you don’t know about this, click here to read up on it

I’ve got a progress report for my partners soon. Kindly see the video below of me scouting for the farmland by clicking here.

To help us run through how you or anyone around you can secure cheap, and genuine farmland in Nigeria in 2024, let’s use a Q&A approach to the topic.

Are There Genuine and Cheap Farmland in Nigeria?

The short answer is YES!

And it will surprise you to know there are cheap farmland across all the states in Nigeria. However, we’ve got to understand that the word “cheap” is quite relative. While NGN1 Million can be cheap for Mr/Mrs A, the same value may be excessively expensive for Mr/Mrs B, and can be just the perfect price cap for Mr/Mrs C.

So what I am saying in essence is your budget is what determine where and what land is cheap for you!

What Secret is There to Know About Getting Cheap Farmland?

Well it won’t be a secret if it is common knowledge right?

Basically, when we talk about cheap farmland, it is not only cheap when it comes to buying. Sometimes the goal of why you want to venture into farming is what matters. Buying is just one way to access a farmland. You could also rent or lease a farmland, particularly when you are just trying out farming for the first time. Buying a farmland can mean more than just farming. Because, the farmland on which you farm today is the same land on which the city of tomorrow is built upon. So before investing in farmland, consider what the goal is!

There are truly some people who should be leasing a farmland right now, instead, there are currently purchasing. While there are those who should be purchasing, instead, there are leasing at the moment. So get your positioning right and only then should you decide which to do.

You can lease a farmland for as low as NGN20,000/acre/year while you can buy for as low as NGN200,000 per acre, depending on the region or what part of the country you want the farmland.

Where Can I Get Cheap Farmland In Nigeria and For What Amount?

While I am not going to list every state in Nigeria, I will use region for some and use state for others.

For Clarity, the farmland quoted here are land that are typically located within 30 — 2hrs from the nearest village/town.

Regional:

Disclaimer: Some regional prices are based on information sourced from partners in the field (particularly for no. 2-5), while others are personally sourced.

1. North Central: Low Point NGN300,000/ha, High Point NGN2 Million/ha
2. North East: Low Point NGN150,000/ha, High Point NGN1 Million/ha
3. North West: Low Point NGN300,000/ha, High Point NGN1.5 Million/ha
4. South East: Low Point NGN500,000/acre, High Point NGN2.5 Million/acre
5. South South: Low Point NGN200,000/acre, High Point NGN2 Million/acre
6. South West: Low Point NGN200,000/acre, High Point NGN2 Million/acre (excluding Lagos)

State-Wide:

Disclaimer: I am focusing on states that I have personal experiences purchasing land from.

1. Lagos State: Low Point NGN2 million/acre, High Point NGN7 Million/acre
2. Abuja (FCT): Low Point NGN1 Million/ha, High Point NGN10 Million/ha
3. Oyo, Osun, Ondo and Ogun State: Low Point NGN300,000/acre, High Point NGN1.5 Million/acre
4. Kwara and Niger State: Low Point NGN200,000/acre, High Point NGN750,000/acre
5. Edo and Cross River State: Low Point NGN300,000/acre, High Point NGN1 Million/acre

Bringing Back DUFMA FarmClinic 5 year Free farmland lease.

• Are you planning to go into farming but don't know where to start?
• Would you be in need of a Farmland to start your Agricultural business?
• Are you interested in planting plantain, Cassava or Yam or a mixture of any two?
• Then this opportunity is for you!

Apply here for the 5 year free farmland lease.

Apply here for the 5 year free farmland lease.